The Ministry of Trade and Industry will collaborate with other private sector agencies to institute the National Governance Code for public and private sector institutions.

According to a Deputy Minister for Trade and Industry, Nana Ama Dokua Essiama Adjei, this will promote transparency and accountability in the management of the country’s resources.

Speaking at the sensitization meeting on the African principles and guidelines on corporate governance in Accra, she said “as we emerge from the current COVID-19 pandemic, we require a new emphasis on strengthening governance and sound management of corporate Ghana and public sector institutions to deliver the desired outcomes for all stakeholder groups.”

“Corporate governance standards continue to evolve all around the world, with increasing emphasis on effective risk governance, promoting sustainable and social development goals, board effectiveness, strong internal controls, and incentive structures that support prudent management”, she added.

“The Ministry of Trade and Industry recognises that good corporate governance, a strong governance in all of corporate Ghana and indeed in public sector institutions as well, is necessary for promoting the socio-economic transformation we all desire for Ghana. It is therefore in everyone’s interest that we promote best practices in corporate governance nationally to help build strong institutions, industries, and ultimately a strong, inclusive and sustainable economy, and a strong nation” she assures.

The meeting was aimed at examining the principles of corporate governance in Africa and strategies to support African countries in that regard.